Luckchemy

Luckchemy ICO Review

Provably Fair Online Gambling Platform

Description

Luckchemy is a scalable and provably fair online gambling platform driven by a unique combination of blockchain technology and offchain cryptography. Our platform will offer turnkey solutions for a full suite of casino products, with lottery as our initial product and the illustrative example used in this document. Luckchemy will develop and publish products on the platform but is designed to anticipate interactions with a number of entities, including the 3rd party content providers.

Luckchemy has maintained a strict discipline of using blockchain interactions only when absolutely necessary. We will maintain provable fairness through off-chain cryptography and other technologies with minimum usage of blockchain to maximize scalability and user experience. In the long term, we intend to move our platform to a decentralized model using local hosting and multiple data centers to minimize the effect of individual discontinuation on the overall platform.

Luckchemy Tokens (LUK) are used on our platform and grant their holders access to monthly draws, funded by a minimum of 0.5% of the platform transactions, as well as the opportunities to provide direction on our roadmap.

Alchemy is a philosophical principle that has been resonating in the human psyche for over four millennia. It is a rich tradition built on the concept of maturing, purifying and perfecting humans and objects. Alchemists had carefully protected their secrets with cyphers and cryptic symbolism. Luckchemy is our modern take on this notion, as we strive to transmute and purify the existing gaming and betting paradigm into a single decentralized, trustful and provably fair system by means of modern blockchain and cryptographic technology.